Some lenders won't make loans for people to buy flipped property; they feel the value is inflated.

Inflation projection is lowered.

http://moneycentral.msn.com/personal-finance/calculators/retirement_income_calculator/home.aspx#Results But I see that it also has 3% rate of inflation per year so maybe that makes the difference.

Again, I like median price homes, but they can't be median price homes in OVER-INFLATED areas, or you still lose, imo.

HOWEVER, that does not mean that interest rates won't rise with inflation coming.

You may have recently heard from local TV news and articles that rents are not only rising here, it's outperforming other markets.

Lenders were making unlimited conventional loans to those that could qualify.3.Inflation was sometimes 20% per year.4.

Traditionally, central banks have done that based on inflation and economic growth targets.Since the 1990s, there has been a disagreement between different central banks on how to measure inflation.

I think housing will drop 5-10% more before it starts to rise in 2012.

That being said, I know this crisis is not armageddon and property values will hold and rise in the long term (hopefully sooner rather than later!).